Concrete Pumping Stock Forward View - Polynomial Regression
| BBCP Stock | USD 6.79 -0.07 -1.02% |
The Polynomial Regression forecast reference data for Concrete Pumping Holdings is based on the equity's recent trading history. This page summarizes the model output and key accuracy metrics for reference.
The Polynomial Regression forecasted value of Concrete Pumping Holdings on the next trading day is expected to be 6.89 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.50.A single variable polynomial regression model attempts to put a curve through the Concrete Pumping historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm All Polynomial Regression forecast figures shown for Concrete Pumping Holdings are reference data reflecting model output based on available historical prices. Polynomial Regression Price Forecast For the 23rd of March
Given 90 days horizon, the Polynomial Regression forecasted value of Concrete Pumping Holdings on the next trading day is expected to be 6.89 with a mean absolute deviation of 0.22 , mean absolute percentage error of 0.09 , and the sum of the absolute errors of 13.50 .Please note that although there have been many attempts to predict Concrete Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Concrete Pumping's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
The next-day forecast for Concrete Pumping Holdings focuses on identifying predictive downside and upside bands that can frame a realistic trading range. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Concrete Pumping stock data series using in forecasting. Note that when a statistical model is used to represent Concrete Pumping stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 115.7138 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2213 |
| MAPE | Mean absolute percentage error | 0.0335 |
| SAE | Sum of the absolute errors | 13.4963 |
Other Forecasting Options for Concrete Pumping
Whether a novice or experienced investor, anyone considering Concrete needs to understand the dynamics of Concrete Pumping's price movement. Price charts for Concrete Stock contain a significant amount of noise that can distort investment decisions.Concrete Pumping Related Equities
The following equities are related to Concrete Pumping within the Industrials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Concrete Pumping against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Concrete Pumping Market Strength Events
Analyzing market strength indicators for Concrete Pumping enables investors to understand how the stock performs relative to overall market momentum. These indicators are valuable tools for identifying when to enter or exit positions in Concrete Pumping Holdings.
Concrete Pumping Risk Indicators
Identifying and analyzing Concrete Pumping's key risk indicators is a foundational step in projecting how its price may evolve. This process quantifies the risk associated with Concrete Pumping's and decide how to manage it.
| Mean Deviation | 1.83 | |||
| Standard Deviation | 2.51 | |||
| Variance | 6.3 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Concrete Pumping
A coverage review of Concrete Pumping Holdings shows when the security is attracting above-average attention from contributors and market observers. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
Contributor Headline
Latest Perspective From Macroaxis
Concrete Pumping Short Properties
A short-interest review of Concrete Pumping Holdings provides context for understanding whether skepticism in the market is becoming more influential. Used correctly, these measures can help investors decide when hedging or timing discipline may matter more than conviction alone.
| Common Stock Shares Outstanding | 53.3 M | |
| Cash And Short Term Investments | 44.4 M |
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